IDC

CrowdStrike (NASDAQ: CRWD) is acquiring Adaptive Shield, a SaaS security provider, as part of the rapidly evolving cybersecurity landscape. The deal enhances CrowdStrike’s Falcon® platform, addressing identity-based threats across hybrid cloud environments. With cloud exploitation threats up 110% in 2023, this acquisition underscores the industry’s push for comprehensive security solutions. CrowdStrike joins other notable deals in 2024, including CyberArk, Fortinet, and Sophos, in driving industry consolidation. The Adaptive Shield acquisition is expected to close in CrowdStrike’s fiscal Q4, delivering end-to-end SaaS security and expanding its platform’s capabilities to combat rising threats. [more]